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Ait Rate In Bangladesh 2023

By Hafsa Binte Omar

The Bangladesh economy has seen its fair share of growth in the last few years, mainly driven by the country's success in exports and the rise of technology-driven businesses. The central bank of Bangladesh, Bangladesh Bank (BB), sets a target for inflation in order to keep prices stable and maintain monetary stability. To achieve that goal, BB decides on an appropriate interest rate on deposits and loans - also called “ait rate”. The current ait rate as of 2021-19 stands at 4.25%.

Ait Rate In Bangladesh 2023
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  • Source: Google.
  • What is ait rate?

    Ait rate is the interest rate set by the central bank of Bangladesh, Bangladesh Bank (BB). It is used to maintain price stability by controlling the money supply and encouraging saving among individuals and businesses.

    Why is ait rate important?

    Ait rates are important because they act as a guide for how much individuals and businesses can charge when they borrow money from other sources such as banks or financial institutions. It also impacts how much people will save in terms of deposit rates offered by banks or other financial entities.

    What is the current ait rate in 2021-19?

    The current ait rate as of 2021-19 stands at 4.25%.

    How does it affect individuals and businesses?

    When individuals or businesses take out loans, they must pay interest rates depending on the current ait rate. At higher rates, borrowers may find themselves paying more over time while savers may benefit from higher deposit rates. In addition, changes in ait rates can influence consumer spending decisions and business investment strategies.

    Conclusion:
    As with any economic policy decision, changes to ait rate have both positives and negatives associated with them depending on one's individual situation. Ultimately though, it serves as an indicator of how well the economy is doing overall since it affects both lending and borrowing practices within society.

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    Hafsa Binte Omar

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